Pit Optimization with Lerch-Grossmann Algorithm for Maximized NPV | Sudam Behera posted on the topic | LinkedIn
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Pit Optimization with Lerch-Grossmann Algorithm for Maximized NPV | Sudam Behera posted on the topic | LinkedIn
The pit optimization process uses algorithms (like Lerch-Grossmann) to find the most profitable pit shape, or ultimate pit shell, from a 3D block model by evaluating ore grades, extraction costs, and geotechnical constraints to maximize value (NPV), defining the economically viable limits and guiding detailed mine design and scheduling for ...
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